Description
Digital currency has received widespread discussion in practice and academia as a potential alternative to money. Existing research about digital currency largely focuses on building proofs of concept. This paper moves beyond the conventional discussion on this emergent technology to explore what people can do and achieve with it. Based on the theoretical framework of Sen's (1992, 1993) capability approach, the study explores how the adoption of digital currency at the individual level impacts quality of life in a deprived environment, with limited access to banks. We also discuss the antecedents of digital currency adoption based on the Elaboration Likelihood Model(ELM). In this study, we adopt the European Central Bank’s definition of digital currency as a digital representation of value, which can be used as an alternative to money (European Central Bank (ECB), 2012).
Recommended Citation
Appiah Otoo, Brigid Akyamaa and Nemati, Hamid, "DIGITAL CURRENCY AND ITS IMPACT ON QUALITY OF LIFE" (2017). AMCIS 2017 Proceedings. 32.
https://aisel.aisnet.org/amcis2017/AdoptionIT/Presentations/32
DIGITAL CURRENCY AND ITS IMPACT ON QUALITY OF LIFE
Digital currency has received widespread discussion in practice and academia as a potential alternative to money. Existing research about digital currency largely focuses on building proofs of concept. This paper moves beyond the conventional discussion on this emergent technology to explore what people can do and achieve with it. Based on the theoretical framework of Sen's (1992, 1993) capability approach, the study explores how the adoption of digital currency at the individual level impacts quality of life in a deprived environment, with limited access to banks. We also discuss the antecedents of digital currency adoption based on the Elaboration Likelihood Model(ELM). In this study, we adopt the European Central Bank’s definition of digital currency as a digital representation of value, which can be used as an alternative to money (European Central Bank (ECB), 2012).